Bitcoin’s stagnation continues as the asset has made little to no attempt to move away from the $108,000 level.
Sunday silence? Not for TON and BONK! While crypto titans slumbered, these two altcoins exploded, painting the charts green in a market barely stirring.
BTC Calm at $108K
The crypto king has been unusually silent lately. Remember the rollercoaster ride from June 23rd and 24th? Bitcoin plummeted to a gut-wrenching $98,000, only to rocket past $105,000 within 24 hours amidst the escalating chaos of the Middle East conflict. Since then? Crickets.
Since then, the asset’s been trapped in a frustratingly narrow $105,000-$110,000 cage. Wednesday saw a test of the lower bounds, but the bulls charged in, sending it rebounding back towards the upper resistance.
Bitcoin flirted with a breakout on Thursday, surging to a multi-week high of $110,500. But just as victory seemed within reach, the bears swarmed, slamming the door shut on any hopes of a new all-time high. The rally stalled, leaving bulls to lick their wounds and brace for the next round.
Bitcoin’s price stubbornly clings to $108,000, a digital Everest it conquered and now refuses to descend. For days, it’s held this altitude, its market cap a formidable $2.150 trillion. Meanwhile, in the crypto kingdom, Bitcoin reigns supreme, commanding over 63% dominance on CG, leaving the altcoins scrambling for scraps in its shadow.
BONK on the Run
While Bitcoin treads water, a ripple of green subtly tints the larger-cap altcoin landscape. Ethereum, Binance Coin, Solana, even the meme-powered Dogecoin, alongside Cardano, Bitcoin Cash, Chainlink, TRON, and XRP, are all showing slight, positive movement. However, the tide is turning against a few newcomers; HYPE and PI are losing steam, suggesting that the altcoin frenzy is far from a uniform surge. Check out the graph below for a visual breakdown.
TON soars past $3, fueled by a 9% surge! Meanwhile, BONK explodes onto the scene, a meme coin defying gravity with a staggering 20% leap to $0.000022! Which rocket will reach the moon first?
The cumulative market cap of all crypto assets has remained relatively stable at $3.4 trillion on CG.
Thanks for reading BONK Explodes by 20% Daily as Bitcoin (BTC) Remains Solid at $108K: Weekend Watch
